Here are the 10 Best PayPal Alternatives

PayPal is a Fintech giant. It is an extremely popular payment transfer and processing platform.

Businesses, individuals & freelancers use PayPal daily to manage their online transfers, income, and expenditures.

PayPal is the reason global transactions became a possibility. In fact, PayPal was the first Fintech company to go global, and others followed in its footsteps.

But here’s the deal:

Just because PayPal is known worldwide doesn’t mean it’s best for your financial activities.

Whenever you send or receive international payments through PayPal, either the sender or the receiver has to pay a transaction fee.

For online businesses, for each shopping payment processed, a fee applies.

Depending on your payment location, you might end up paying a significant sum of money in the name of transaction fees.

So what’s the solution?

Well, there are other money transfer and payment processing services you can choose from. By shifting to other less popular but equally reliable and powerful PayPal alternatives, you can lower down on paying transaction fees.

Depending on your transaction and transfer frequency, currency, and the sum of money, you’ll be able to save thousands by paying just 0.5% less in additional fees.

Here are the top PayPal alternatives you should definitely check out.

1. Payoneer – Best for Freelancers

Payoneer is one of the most popular international payment solutions, especially among freelancers and SMBs.

It’s easy to use and comes with many features to simplify sending and receiving cross-border payments.

Payoneer is my #1 recommendation for freelancers.

It doesn’t charge any transaction fee on receiving payments from international Payoneer accounts. But the condition is that the sender should be a Payoneer user as well.

If you can convince the organization/person who hired you to pay via Payoneer, you won’t have to pay any extra fee ever again.

Here are some of the best features of Payoneer:

  • No fees on receiving money from overseas (only if the sender uses Payoneer).
  • International checking accounts to receive payments in local currency from businesses.
  • Ecommerce integration with marketplace and store listing portals.
  • Free FIRC certificate on all transactions. (A certificate of inward remittance that acts as proof of receiving foreign payments).
  • Withdraw from your bank account in 70+ local currencies or hold the balance in your Payoneer account.
  • Payoneer Prepaid Card – use it to transact online or to withdraw cash from your account balance.
  • Pay VAT easily.
  • Automate billing for recurring transactions.


Payoneer is best suited for freelancers and small businesses looking to simplify their money receiving and transfer process.

Since it doesn’t charge any fees, freelancers will save a part of their hard-earned income. It also comes with free virtual bank accounts in multiple countries such as the United States, U.K…. Japan, and Germany. Using these checking bank account details, you can easily receive payments and easily withdraw them from your local bank.

You can ask clients to pay you via ACH payment, bank transfer, Debit/Credit card, or Payoneer itself.


There will be times when you’ll need to receive payments from third-party software to your private Payoneer account. In such situations, you’ll have to have a Business Payoneer account. Private account users can only withdraw their money — they can’t transfer or receive it through third-party software.

The conversion charges are higher than the average. And for business accounts, there’s a monthly requirement of $20,000. If you’re not sending more than that, it might be better to not use Payoneer.

Also, Ecommerce integration is currently lackluster compared to PayPal.


Payoneer is best suited for freelancers who receive regular payments from overseas. You’ll save on transaction fees and get multiple options to get paid.

However, if you are an e-commerce business, it’s not the best you can get.

Sign up for Payoneer

2. TransferWise – Best for Small Business and Individuals

TransferWise is another popular Paypal alternative for individuals and small businesses.

Especially if you are transacting overseas regularly, TransferWise is a great payment transfer service to consider. It costs much less than PayPal and works twice as fast.

Most of the time, TransferWise is much faster with international fund transfers.

TransferWise was built for the midrange market and individuals in mind.

On average, it charges 0.5% less in transaction fees compared to PayPal. Compared to Payoneer and others, it can be way over 1%, which is a lot of savings.

Using TransferWise will also help you save an additional 2.5% in conversion fees, compared to PayPal.

It offers a Mid-Market exchange rate. So depending on the current buy-sell prices, your transfer amount will vary.

TransferWise uses its own account established in the receiver’s country. This means, unlike PayPal, the money sent isn’t converted into the receiver’s currency directly. Instead, your money is deposited into TransferWise’s own account, and then they pay the converted amount using their own bank account in the receiver’s country.

This process allows TransferWise to save on surcharges. You can view the current exchange rate at the time of the money transfer process.

Here are some of the best features of TransferWise:

  • Transfer money using a bank account/debit card/credit card.
  • Lowest transfer fee for individual users.
  • Transparency at every step – all rates, fees, and charges are visible beforehand.
  • International virtual bank accounts to receive payments – free for all.
  • Mastercard Debit Card to spend or withdraw balance – in certain countries.
  • Offers one of the fastest transfer rates.
  • Integrate accounting and automate invoicing.
  • API access to build and connect custom apps.


TransferWise is a safe way to send and receive payments internationally. Compared to other services, their service charges are low, and they’re pretty upfront with the cost you have to pay. The platform is straightforward to use, probably the smoothest money transfer platform I’ve seen so far.

Transfers happen with little delay. There are rare and outrageous. You can order a Mastercard debit card to use your TransferWise balance freely.

Using this card, you can withdraw from the multi-currency bank account balance through an ATM or spend on online stores in multiple currencies.

The account registration to approval – the entire process is seamless. It takes less than 48 hours to get a multiple-currency account and full access to all TransferWise features.


You need to put in bank details to get paid or transfer money through TransferWise. You can’t transfer money using an email address.

There’s no e-wallet. They store your money in a bank account, and you can’t send money to any wallet.

TransferWise isn’t suitable for e-commerce users. There are no integrations for e-commerce platforms. If your business needs a solution to process card payments, check out the next software on this list.


Use TransferWise to save money on transferring money overseas. It’s probably the best way to transfer and receive international payments from family and friends. You get multi-currency bank accounts with a debit card, which is an impressive addition.

For businesses, TransferWise will help you receive your money with lower fees and less hassle.

Sign up for TransferWise

3. Stripe – Best for Ecommerce

Stripe is the primary payment processing software for ecommerce websites.

Using Stripe, you can receive international payments as an individual or a business. It integrates with thousands of Web tools, making it just as popular as PayPal.

Processing credit and debit cards are the biggest advantage of Stripe. It makes it extremely easy to collect payments from your website by allowing you to offer secured card payments.

You can send and receive payments by connecting Stripe to your store listing apps or website. If you’re a programmer, you can build an app from scratch to achieve various other tasks, such as sending money via emails. Which makes Stripe a good choice for developers and custom app builders.

Both Stripe and PayPal charge very similar transaction and service fees. It’s almost identical.

Here are some of the best features of Stripe:

  • Easily integrates with your e-commerce website and WordPress.
  • Process credit/debit card, ACH, Checks, and Wire transfers.
  • Solid API support.
  • Recurring billing support.
  • Wallet payment methods for quick checkout.
  • Automatic invoicing.


For accepting card payments and recurring billings, Stripe is one of the best.

There’s a little learning curve for merchants and sellers, but Stripe is super easy to use for customers. You get a hosted checkout page with Stripe’s own security standards.

It connects and integrates with most e-commerce, affiliate marketing software, and CMS platforms such as Magento, Shopify, PrestaShop, Etsy & WordPress. It’s highly customizable. The support is quick enough. There’s 24×7 chat support for immediate answers. My problems were solved in less than a day, sometimes in a few hours, through the ticket system.


Stripe has a history of holding payments. It also delays paying the sellers/merchants depending upon internal decisions. The chargeback protection is weaker than PayPal’s, and the potential hold on the account is greater.

If you’re a beginner and your online business is in its first phase, Stripe may be too much to deal with.


Stripe is a great payment processing software for e-commerce businesses and tech-savvy users. It brings in endless possibilities of building and linking custom Web apps to send and receive money.

However, if you’re a beginner, it might be a little overwhelming.

Sign up for Stripe

4. PingPong Payments – Best for Amazon Sellers

Ping pong Payments is specifically built to aid Amazon Marketplace sellers. It allows you to receive both business and personal payments and store them in your digital PingPong account.

You get free multi-currency accounts to receive money in local currency. You can hold the received funds in any of these multi-currency accounts – you don’t have to withdraw the money immediately. Once you find better exchange rates, you can withdraw all or a fixed portion of the amount in USD only.

If you’re an Amazon seller, PingPong Payments would be a better and faster way to get paid via Amazon.

It connects with your Amazon Marketplace account, and all your earnings are deposited directly into the PingPong Payments multi-currency bank accounts.

You can use the PingPong Payments to pay VAT as well. The exchange rate offered by PingPong Payments is unlike others. They charge a flat fee of up to 1% per conversion. This makes managing your finances a lot simpler because you can calculate and foresee how much you’ll need to pay before you withdraw or transfer the money using PingPong Payments.

Here are some of the best PingPong Payments features:

  • Easy approval and account registration process. Your account will be activated within 24 hours.
  • Quick and easy integration with Amazon Marketplace.
  • Free receiving account for 8 currencies (USD, JPY, EUR, GBP, AUD, SGD, CAD, MXN, AED)
  • Pay TAX using PingPong Payments dashboard and balance.
  • Ecommerce store integration.


PingPong payments charge 1% or lower fees per transaction. Which the one of the lowest and straightforward. You can receive money in a local currency and hold it in your virtual account if you look out for the best exchange rate.

It’s pretty easy to set up and use. There isn’t any learning curve. The support is swift to respond and resolve your queries.


If you’re not an Amazon seller, then PingPong payments won’t work for you. It has zero integrations with other e-commerce platforms. One more thing to note is currently, there are only 8 currencies supported.


For Amazon sellers, PingPong payments are fantastic software to receive payments. Using its multiple-currency account and fixed fee, you’ll save a significant amount in extra fees. It provides predictability as you can calculate how much money you need to send so that the receivers receive the exact amount you want them to.

Sign up for PingPong Payments

5. Skrill

Skrill is a popular alternative for businesses in niches where PayPal doesn’t work. And yes, you guessed it right — it costs the same.

But there are some major differences between Paypal and Skrill. Such as PayPal doesn’t allow certain product categories to be bought and sold through their platform.

Skrill supports over 40 currencies compared to PayPal, which only supports 25 currencies.

This is one of the significant reasons many gambling, poker, and casino websites use Skrill.

Like PingPong payments, Skrill offers multi-currency bank accounts where you can store your funds and withdraw them when you wish to. On top of it, you also get a Mastercard debit card from Skrill.

One thing to note about Skrill is the transfer fee. If you transfer money to two or more accounts, Skrill will charge a 1.9% fee.

If you’re using Skrill to receive /send anywhere above €15,000 in a quarter, you’re eligible for their VIP program. Depending on your total transaction amount, you’ll get different perks and benefits, such as free transfers, low FX rates, and VIP support.

But Skill isn’t as widely accepted as PayPal. And if you’re not in the VIP program, the support is weak.

So Skrill is a perfect option for websites and businesses where PayPal doesn’t work. Since they don’t check the nature of your business.

As an individual with personal usage, Paypal is good for small transactions. But for large amounts, Skrill charges much less and is much more convenient.

Sign up for Skrill

6. BitPay

Many say cryptocurrency is the future. Because of the sheer increase in its value, Bitcoin (the most popular cryptocurrency) has become an extremely popular choice of payments.

Thousands of sellers support Bitcoin as a payment option for their online shop. And people love the buying experience that comes with spending Bitcoin on their favorite products.

It’d be wise enough if you started accepting Bitcoin on your website.

Probably the easiest way to accept cryptocurrency payments on your website is BitPay.

BitPay is a cryptocurrency wallet and processing software that allows you to get paid in crypto-currencies for your products and services.

BitPay advertises itself as the future of payments. It allows you to accept 8 different cryptocurrencies, including Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH). It also allows you to accept Ripple, GUSD, USDC, PAX, and BUSD, the $4-pegged stablecoins.

All the settlements can be directly deposited into your local USD bank account via ACH.

As for the transaction fee for business accounts, it’s a flat 1%. Along with daily settlements and unlimited transactions.

And the good part is it also supports fiat currency payments in the following counties:

  • Australian Dollar.
  • Canadian Dollar.
  • Euro.
  • British Pound.
  • Mexican Peso.
  • New Zealand Dollar.
  • U.S. Dollar.
  • South African Rand.

BitPay comes with ecommerce and donation tools to help you create a streamlined sales pierce for your customers.

It also supports automatic billing.

You can easily add a pay button on your WordPress website using its plugin.

For personal uses, BitPay is completely free.

Sign up for BitPay

7. Shopify Payments

Shopify Payments allows you to accept card payments on your Shopify e-commerce store without installing a third-party app.

It’s super easy to set up and removes the need to redirect customers to other platforms for the payment process.

Using Shopify payments can help you increase the overall checkout conversion rate. That’s because users don’t leave your website while the payment is being processed, which is a lot more convenient from the user’s perspective.

Shopify payments using Stripe have a backend payment processor. You can activate it by simply going to the “Payment settings” section inside your Shopify store dashboard.

You can also enable PayPal as a payment option using Shopify payments, which I’d highly recommend enabling. Many people still prefer using it over cards.

It charges 30¢ for card transactions and 2.9% to 2.4% (depending on the plan you choose).

If you have a Shopify store, consider using this option above anything else.

Sign up for Shopify

Recommended read – 13 SEO Tips for Shopify Stores to Boost Organic Traffic

8. Google Pay

Slowly, Google Pay is becoming a preferred choice of payment gaming for Android users.

It’s easy to set up, and it’s currently available in over 40 countries. Using Google Pay, one can store payment information across all Android devices and Chrome browsers. Which makes it a very convenient payment mode.

You might see a significant increase in conversion rates by allowing your customers to pay via Google Play.

Stripe supports Google Pay natively, and you can enable or disable it in one click.

If you have a custom product website, you can use their API and enable it for your store.

The best part – it costs nothing to either the merchant or the buyer. It’s completely free.

Sign up for Google Pay

9. Amazon Pay

Amazon Pay is mostly used to purchase products from Amazon. It’s a digital wallet that allows you to load balances and use them as an alternative to card payments.

Many e-commerce software such as Bigcommerce and Shopify allows native connection for Amazon Pay integration.

Amazon Prime members, and general users, stack enough balance to shop regularly at Amazon. Adding Amazon Pay will help you offer a quick checkout process for your customers.

Amazon charges 2.9% + $30 as a transaction and authorization fee. For cross-border transactions, this becomes 3.9%.

They have a solid payment protection policy, probably better than Stripe.

Sign up for Amazon Pay

10. Authorize.Net

If your goal is to provide the best on-site checkout experience for your customers, is an excellent option to consider.

Much like PayPal, it’s pretty popular and respected among both merchants and buyers.

It allows you to accept card payments, Apple Pay, PayPal, and e-checks. also lets you handle recurring payments as well.

You’ll be charged a 2.9% + $0.30 per-transaction fee for the complete solution.

If you only need a payment gateway, you’ll pay a $0.10 per-transaction fee and a $0.10 daily batch fee. On top of that, there’s a monthly fee of $25 on both plans.

And one more thing, it’s a subsidiary of VISA.

Sign up for

Honorable Mention – Paypal.

Listen, if you don’t have or had a problem using PayPal, I’d recommend you keep using it. Rather than experimenting with new payment software, stick with one of the most used and trusted.

PayPal is so popular because it’s super convenient, and it simply works for most merchants and personal users. If you don’t conduct your business in any shady, spammy, or questionable manner, you’d face no problems with PayPal.

With PayPal, customers don’t have to use a card to shop from a store. A bank account is all that’s needed. You don’t even have to disclose your financial details to send or receive payments. PayPal supports money transfers via email and a personalized the link.

It integrates with virtually every CMS, store, Web app, and SaaS. The chargeback protection is better than any of its competitors and 9/10 times, you’ll appreciate their merchant protection schemes.

I hope this article was helpful for you and you’ve found the best payment processor/transfer tool for you.

Any questions?

Ask them in the comments below. Do mention which payment software you use for your business.

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